by our College Data Analytics TeamThis page focuses on the debt students take on to attend Designer Barber & Stylist School: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Designer Barber & Stylist School, 67% of incoming students take out a loan to help cover first-year costs, averaging $4,504 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $4,504, amounting to 81.9% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Designer Barber & Stylist School, freshmen included, 39% borrow through federal student loan programs, averaging $5,988 a year. That is 32.9% larger than the $4,504 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $11,976 after two years and $23,952 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 39% |
| Average federal loan per year | $5,988 |
| Undergraduates with a federal loan | 58 |
| Total federal loans (one year) | $347,299 |
The median student at Designer Barber & Stylist School borrows $10,203 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,203 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Designer Barber & Stylist School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $14,450 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Designer Barber & Stylist School.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,500 |
| Independent students | $16,500 |
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.